Filing Flows › CoreWeave (CRWV) › Q1 2026 › vs Q4 2025
CoreWeave (CRWV) Q1 2026 vs Q4 2025 (quarter over quarter)
CoreWeave's revenue rose $506M (+32%) from $1.6B in Q4 2025 to $2.1B in Q1 2026.
CoreWeave, Q1 2026: revenue $2.1B (+112% year over year), operating margin -6.9%, net loss $740M, operating cash flow $3.0B. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.1B | $1.6B | $506M | +32% |
| Net loss | $740M | $452M | $288M | +64% |
| Costs & expenses | $2.8B | $2.0B | $779M | +38% |
| Operating costs | $2.2B | $1.7B | $561M | +34% |
| Interest & other, net | $512M | $377M | $135M | +36% |
| Income tax | $84.0M | −$15.1M | $99.1M | — |
| Cost of revenue | $716M | $509M | $207M | +41% |
| Research & development | $104M | $109M | −$5.0M | -5% |
| Sales & marketing | $69.0M | $52.0M | $17.0M | +33% |
| General & admin | $164M | $150M | $13.8M | +9% |
| Other operating costs | $1.2B | $841M | $328M | +39% |
| Operating cash sources | $3.7B | $2.0B | $1.7B | +85% |
| Depreciation & amortization | $1.1B | $821M | $326M | +40% |
| Share-based compensation | $153M | $157M | −$3.6M | -2% |
| Working capital & other | $2.4B | $1.0B | $1.4B | +135% |
| Net loss absorbed | $740M | $452M | $288M | +64% |
| Operating cash flow | $3.0B | $1.6B | $1.4B | +91% |
| Capital expenditures | $7.7B | $4.1B | $3.6B | +90% |
| Negative free cash flow (OCF − capex) | $4.7B | $2.5B | $2.2B | +88% |
Questions
How much did CoreWeave's revenue grow quarter over quarter in Q1 2026?
CoreWeave's revenue rose $506M (+32%) from $1.6B in Q4 2025 to $2.1B in Q1 2026.